MGC1! Price needs to break above POC for a retest of 3416...
1-Ounce Gold Futures (Jun 2026) forum
MGC1! Price needs to break above POC for a retest of 3416...MGC1! Still holding. Price could be forming a bull flag if we have another rejection at 3416.If price breaks below 3405, my next target is at 3400.
If we break above 3416, my first target will be at 3428
MGC1! If we lose 3405, we will be going towards that 3393 level
MGC1! price testing FVG...
MGC1! Super risky bet, but i think we might have a confirmation soon...
MGC1! I'm assuming price is being driven up to cover possible shorts for tomorrow during the Fed speech. Again, the speech could go either way, but I'm leaning bearish. Looking for a bullish manipulation over Asia/London, I'll likely enter a short with a tight stop if a good opportunity presents itself.Done for the day, nice overnight breakout. Time to go play with the indices
MGC1! price broke below the bull flag pattern that I mentioned earlier.At this time, I have 3405.3 as Target 1 and 3393 as Target 2.
MGC1! have you checked the 4hrs candle yet?I mentioned earlier today that this pump above 3408 could be a fakeout, and if price continues to retrace, we could see it retesting the yellow line and possibly retracing back inside the flag pattern that we talked about in the analysis.
That would definitely put some gas in the bearish scenario idea targeting 3208 and below
MGC1! Interesting action going on right now.Price is in a buy zone and we are creating this bull flag pattern. I am now waiting for a confirmation
There are reversal signals in the 2min and 1min that agree with this idea, but i need something in higher TFs
